News Corp., Saudi Prince To Launch Satellite Channels
A few years ago, Saudi Prince Al-Waleed bin Talal obtained a 5 percent stake in News Corporation. It appears both sides knew what they were doing: Prince Al-Waleed’s collaboration with News Corporation is leading to lucrative business deals for both parties.
In short: News Corporation is teaming up with Prince Al-Waleed’s Rotana company to launch two English-language television channels in the Arabic-speaking Middle East. The two channels are:
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